SEGMENT INFORMATION (Tables)

9 Months Ended

May 31, 2022

SEGMENT INFORMATION [Abstract]

Segment Information

The tables below present the measure of profit and assets used to assess the performance of the segment for the periods presented:

	Three Months Ended May 31, 2022
(In thousands)	Water and wastewater resource development		Land development		Single-family rental		Total
Total revenue	$	2,011	$	1,151	$	25	$	3,187
Cost of revenue		748		288		9		1,045
Depreciation and depletion		349		—		—		349
Total cost of revenue		1,097		288		9		1,394
Segment profit	$	914	$	863	$	16	$	1,793
	Three Months Ended May 31, 2021
(In thousands)	Water and wastewater resource development		Land development		Single-family rental		Total
Total revenue	$	2,198	$	468	$	—	$	2,666
Cost of revenue		483		99		—		582
Depreciation and depletion		358		—		—		358
Total cost of revenue		841		99		—		940
Segment profit	$	1,357	$	369	$	—	$	1,726

	Nine Months Ended May 31, 2022
(In thousands)	Water and wastewater resource development		Land development		Single-family rental		Total
Total revenue	$	5,891	$	6,173	$	59	$	12,123
Cost of revenue		2,054		1,160		16		3,230
Depreciation and depletion		1,055		—		—		1,055
Total cost of revenue		3,109		1,160		16		4,285
Segment profit	$	2,782	$	5,013	$	43	$	7,838
	Nine Months Ended May 31, 2021
(In thousands)	Water and wastewater resource development		Land development		Single-family rental		Total
Total revenue	$	7,386	$	4,887	$	—	$	12,273
Cost of revenue		1,785		2,087		—		3,872
Depreciation and depletion		1,077		—		—		1,077
Total cost of revenue		2,862		2,087		—		4,949
Segment profit	$	4,524	$	2,800	$	—	$	7,324

The following table summarizes the Company’s total assets by segment. The assets consist of water rights and water and wastewater systems in the Company’s water and wastewater resource development segment; land, land development costs and deposits in the Company’s land development segment; and the cost of the homes in the single-family rental line. The Company’s other assets (“Corporate”) primarily consist of cash, cash equivalents, restricted cash, equipment, and related party notes receivables.

(In thousands)	May 31, 2022		August 31, 2021
Water and wastewater resource development	$	58,515	$	57,791
Land development		45,909		32,844
Single-family rental		1,445		—
Corporate		9,516		26,542
Total assets	$	115,386	$	117,177